A document that gives a breakdown of the costs that the buyer and seller are responsible for on the closing date

The settlement statement, unlike the Good Faith Estimate, shows the final paid closing costs. You can receive the settlement statement either before or on the closing date. If your property closes in escrow, you'll receive the settlement statement in the mail within 24 hours after the deed of trust is recorded. The settlement statement is also called HUD-1 or closing statement.

See: Closing costs
Compare: Good faith estimate